U.S. 30-year fixed-rate mortgage (FRM) averaged 6.30% as of October 9, 2025, down from last week when it averaged 6.34%. A year ago at this time, the 30-year FRM averaged 6.32%, according to Freddie Mac.
The 15-year FRM averaged 5.53%, down from last week when it averaged 5.55%. A year ago at this time, the 15-year FRM averaged 5.41%.
“Mortgage rates decreased this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Over the last few weeks, mortgage rates have settled in at their lowest level in about a year. There is growing evidence that homebuyers are digesting these lower rates and gradually are willing to move forward with buying a home, which is boosting purchase activity.”
